First of all we need to understand that the Companies Act 1956 had much liberalised structure for providing loans to directors. Companies used to borrow funds and pass them to subsidiaries as intercorporate loans, but there was visible compliances issues when it comes to compliance with the terms of loan agreement. Section 185 of the…
Ease of doing business is one of the important aspect for increasing entrepreneurship. For the purpose of updating the entire company law, Dr JJ Irani committee is formed and a modern company law is enacted as Companies Act 2013. There were amendments happened over years, for updating and upgrading the company law into dynamic environment. The Government has…
Annual general meeting is one of the important annual event in the life of a company. This also is an annual requirement as per law. Section 96 of the Companies Act 2013 says that every company other than One Person Company Shall in each year, hold a General meeting as its annual general meeting or…
ABOUT UDIN The Unique Document Identification Number as governed by theUDIN Guidelines shall verify the authenticity of various documents signed or certified by Company Secretaries in Practice. As per the UDIN Guidelines, a unique number for the identification of every document attested by practicing company secretaries shall be generated at the time of signing the Certificate/ Report…
eCSIN: The Employee Company Secretary Identification Number. e-CSIN is a system-generated unique number for identification of the Company Secretaries employed in a particular company which shall be generated by the Company Secretary at the time of employment as a Company Secretary or otherwise, as well as at the time of demitting office in any manner. …
The difference between value of output and value added is: (a) Depreciation (b) Intermediate consumption (c) Net indirect taxes (d) NFIA Ans. (b) Intermediate consumption 2. Product method of calculating national income is also known as: (a) Income method (b) Value added method (c) Expenditure method (d) Distribution method Ans : (b) Value added method…
1. The investment arm of the world bank is a. IDA b. IFC c. IBRD d. MIGA ANSWER: b. IFC IFC was established in 1956. It is known as the investment arm of the World Bank. 2. The insurance arm of world bank is a. IDA b. IFC c. IBRD d. MIGA ANSWER: d. MIGA…
1.when we Consider the following statements related to GST bill, which of the statements are true 1. The Centre will have one third weight in the GST Council while the states will have the remaining two-thirds and decisions will have to be passed with 75% vote. 2. Petroleum and Alcohol is excluded from GST a)…
The Supreme Court of India is the highest judicial court and the final court of appeal . India is a federal State with three tier structure, i.e. Supreme Court, High Courts and Subordinate Courts. As per Indian constitution there should be Supreme Court of India constituting of chief justice of India and until parliament by law prescribes a large number of not more than 7 other judges. After amendment the judicial strength of Supreme Court judges increased to 34 from…
1. Vivad se Vishwas’ scheme – ‘Vivad se Vishwas’ scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty , provided he pays by 31st March , 2020. 2. Kisan Maan Dhan Yojana – The Scheme shall secure the lives of …
